Valve Driver Market worth $519 million by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, Sept. 2, 2020 /PRNewswire/ -- According to the new research report, the "Valve Driver Market with COVID-19 Impact, by Function (Solenoid, Proportional), Valve Type (Conventional Control Valve, Expansion Valve), End-User (Commercial & Residential, Industrial, and Motion Equipment), Region - Global Forecast to 2025", published by MarketsandMarkets™, the Valve Driver Market size is expected to grow from USD 421 million in 2020 to USD 519 million by 2025, at a CAGR of 4.3%. The growth of this market is driven mainly by several factors, such as increase in government regulations and policies for saving energy and Increase in focus on enhancing efficiency and power consumption.

Ask for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47607837         

Commercial & residential end user to hold the largest share of the valve driver market during the forecast period

Residential and commercial include apartments, homes, offices, industrial facilities, and others. The increased adoption of HVAC/R systems in the residential segment has led to the growth of the valve drivers market. In situations where the government has set new performance norms to save energy as there focus is to make the machineries or operations more efficient, manufacturers of HVAC/R systems are encouraged to manufacture new versions of those systems, which will increase the demand for the HVAC/R systems. Thus, driving the growth of the market for valve drivers in residential and commercial end users. In Europe, under the UK government's domestic Renewable Heat Incentive (RHI) scheme, end users who install or have already installed an eligible renewable heating system receive quarterly cash payments for seven years. This government financial incentive program is expected to boost the demand for heating equipment in Europe, which in turn will increase the demand for valve drivers in Europe.

Valve driver market for proportional valve driver to grow at highest CAGR from 2020 to 2025

The proportional valve drivers are technologically more advanced, which act as an interface for the valve. This allows the benefits of setting up different parameters for the functioning of the valve. In this, the operator can set up the values of the temperature, pressure, or flow of the liquid or gas being passed by the valve. All these setups can be done on the valve drivers themselves; with the help of the valve drivers, the different parameters are applied in the process. The proportional valve drivers find applications in several end uses, such as commercial & residential, motion equipment, and industries, which include oil & gas, pharmaceuticals, metals & mining, energy & power, chemicals, water & wastewater, and food & beverages. Due to its more advanced features and wide usage across many industries, the market for proportional valve drivers will see a significant increase.

Browse in-depth TOC on "Valve Driver Market"
132 – Tables
39 – Figures
154 – Pages

Inquiry Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=47607837

Rising adoption of valve drivers across different end-user such as commercial & residential, industrial and motion equipment to boost demand for valve drivers in APAC during the forecast perio

APAC is expected to dominate the valve driver during the forecast period. The rapid urbanization and industrialization are increasing the demand for valve driver in the region. However, COVID-19, a global health emergency and an economic crisis, which has impacted the growth of the valve driver market in 2020 adversely. The valve driver market is projected to witness a significant decline as a few of the major end-users are adopting valve drivers. These end users are non-operational due to stringent measures, which include lockdown, restrictions on foreign trade, and a halt in the supply of non-essential products and services taken by several governments across the world as precautionary measures for the safety of people. There is also a huge supply-demand gap due to the decline in global demand.

Danfoss (Europe), Parker Hannifin (US), Emerson Electric Co. (US), Eliwell Controls (Europe), Carel Industries (Europe), MKS Instruments (US), Hydraforce Inc. (US), Hussmann Corporation (US), Sanhua (Spain), and Fujikoki Corporation (Japan) are among a few major players in the valve driver market.

Related Reports:

Industrial Valves Market With COVID-19 & Oil Price Crisis Impact Analysis By Function (On-off/Isolation, Control), Material, Type, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Region - Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com
Research Insight : https://www.marketsandmarkets.com/ResearchInsight/valve-driver-market.asp
Content Source : https://www.marketsandmarkets.com/PressReleases/valve-driver.asp 

SOURCE MarketsandMarkets